Atomic Wallet Users Lose $35 Million Worth of Crypto Assets in Weekend Hack

Crypto wallet maker Atomic Wallet has become the latest casualty of cybercrooks. According to the centralized storage and wallet service, a large-scale hack occurred on Saturday, with individual token losses exceeding $35 million.

Reports of wallet compromises began on June 3, with users flooding the platform’s Twitter and Telegram channels with claims of compromise.

"We have received reports of wallets being compromised. We are doing all we can to investigate and analyze the situation. As we have more information, we will share it accordingly," Atomic Wallet tweeted.

In the aftermath of the attack, Atomic Wallet said the hack affected only 1% of monthly active users.

“At the moment less than 1% of our monthly active users have been affected/reported. Last drained transaction was confirmed over 40h ago,” the company said. “Security investigation is ongoing. We report victim addresses to major exchanges & blockchain analytics to trace and block the stolen funds.”

Atomic has advised users to transfer any remaining funds to another wallet immediately to prevent further losses.

On-chain researchers have also begun investigating reports of stolen funds and, according to the latest figures, the largest victim of the attack lost a whopping 7.95 million USDT in the attack.

Blockchain researcher ZachXBT has also warned of scammers exploiting the hack. In one example, scammers set up a phony Twitter account announcing a limited $1.2 million refund for potential victims.

What can users do?

• Beware of scams on social media platforms. Atomic Wallet emphasized that real customer support workers will never contact you first.
• Use a unique password for your wallet and use a trusty password manager to keep it safe
• Enable two-factor authentication
• Never share your 12-word backup phrase with anyone
• Use a security solution to protect your devices against malware and phishing attempts

Bitdefender can help secure your digital life. Bitdefender all-in-one plans come with handy features to fend off fraud and phishing attempts that may harm you financially, including:

· Anti-phishing module that detects and blocks websites masquerading as legitimate to steal your data or funds

· Anti-fraud filtering system that warns you against websites that might try to scam you

· Web attack prevention system that lets you know if an URL can be accessed safely and blocks known infected links

· A handy password manager, VPN and identity theft protection services, depending on your chosen plan